Innovation of Risk
Understanding Your Customer Risks
Posting about the idea that anyone that has a customer facing business with a diverse customer set should look at risk assessing the customer base. So what does this involve? Essentially this involves considering the customer "factors" and using some form of statistical analysis to "grade" the customers.
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Techniques in the Innovation of Risk
Innovation is expected and required for any business or function to grow and develop over time. The risk management function is no different, hence risk must embrace innovation.
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An idea in innovation of risk management
That has lead me to this idea on the innovation of risk. Essentially the concept is quite simple, provide every employee with one topic / business idea / risk and empower them to own the risk management outcomes.
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The Power of the Individual in Innovation
The individual redefines the organisation, not the other way around. How many times have we heard how the organisation wants to innovate? Well, afraid to say, that's impossible as it is the individuals that innovate.
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The innovation of risk "bucket list"
I am going to list the things we have to do before the Innovation of Risk kicks the bucket! More precisely I am going to list the things that have to happen so that the Risk Manager can kick the bucket in his/her current form and shift to a new form entirely.
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Boy, can we complicate things!
Quite simply because when it comes to risk management we somehow seem to have complicated something that has been in existence since the dawn of man, yes since the dawn of man. The day we stood up and first assessed our surroundings we were considering the risks. The risks of being killed by that beast in the wilderness where our only form of mitigation was "fight or flight".
The Power of Effective Communication
Passion and Inspiration for everyone in Risk
